This event is aimed primarily at legal and compliance officers working with banks based in Malta, to obtain a better understanding of what Trusts and Foundations are, how they are regulated, and accepted by banks as their customers.
Representatives from different regulatory and supervisory authorities will be speaking about the procedures, laws, and regulations that apply in this field, in order for banking compliance departments to have peace of mind when dealing with such structures and to understand that Trusts and Foundations were created to be efficient tools for the service of both corporate entities and individuals, and not to evade tax, launder money, or finance terrorism. Therefore, the use of such structures, when used properly, should be encouraged and not dissuaded.
Supported by the Malta Bankers’ Association – MBA.
Agenda
15:00 – 15:05 Welcome speech
By Rudolph Psaila, Chairman, FinanceMalta
15:05 – 15:30 Panel: understanding the banks’ position and concerns
Moderated by Vanessa Macdonald, Central Bank of Malta
- Maruska Buttigieg Gili, Chief Risk Officer, BNF Bank
- Simon Micallef, Head of Customer Profiling, APS Bank
- Alexandra Sciberras, Head of AML, Sparkasse Bank
15:30 – 15:40 What compliance officers at Banks need to know about Trusts and Foundation
Dr Priscilla Mifsud Parker, Chairperson, STEP
15:40 – 15:50 The MFSA’s Risk Based Approach towards supervision of Trustees and Administrators of Foundations
Petra Camilleri, Senior Manager (Trustees & CSPs), MFSA
15:50 – 16:00 Money laundering and funding of terrorism risks associated with Trusts and Foundations.
Carmela Loredana Umbro, Senior Officer Guidance and Outreach, Legal Affairs, FIAU
16:00 – 16:10 The Malta Business Registry – Legislative Developments, Expectations and Enforcement Action
Geraldine Spiteri Lucas, Chief Legal Officer, Malta Business Registry
16:10 - 16:20 BREAK
16:20 – 16:35 An International Perspective: Experience in dealing with Trusts & Foundations
Andre Toubkin, Director, Wealth Management Switzerland, Schroder & Co Banque SA
16:35 – 17:10 Q&A session
Moderated by Rudolph Psaila, Chairman, FinanceMalta
- Priscilla Mifsud Parker, STEP chairperson
- Petra Camilleri, Senior Manager (Trustees & CSPs), MFSA
- Carmela Loredana Umbro, Senior Officer Guidance and Outreach, Legal Affairs, FIAU
- Geraldine Spiteri Lucas, Chief Legal Officer, Malta Business Registry
- Alexandra Sciberras, Malta Bankers’ Association
17:10 – 17:15 Conclusion
By Rudolph Psaila, Chairman, FinanceMalta
Speakers
Maruska Buttigieg Gili - Chief Risk Officer, BNF Bank
Petra Camilleri - Senior Manager (Trustees & CSPs), MFSA
Vanessa Macdonald (Moderator) - Communications Coordinator - Central Bank of Malta
Simon Micallef - Head of Customer Profiling, APS
Alexandra Sciberras - Head of AML, Sparkasse Bank Malta
Priscilla Mifsud Parker - STEP chairperson, Partner Chetcuti Cauchi Advocates
Rudolph Psaila - FinanceMalta - chairman
Geraldine Spiteri Lucas - Chief Legal Officer, Malta Business Registry
Carmela Loredana Umbro - Senior Officer Guidance and Outreach - Legal Affairs, FIAU
Andre Toubkin - Director Wealth Management Switzerland, Schroder & Co Banque SA
